Prepare the journal entries for the following transactions: 1. Bought land for 15,000 shares with a $35
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Question:
Prepare the journal entries for the following transactions:
1. Bought land for 15,000 shares with a $35 per share market value.
2. Bought a building for $250,000. Paid one-fifth in cash and the balance with a 10-year, 6% interest note payable.
3. Paid utilities bill for $450.
4. Paid salaries and wages of $8,500.
5. Paid $8,000 on merchandise
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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